Online Gaming Portal Got2bet Acquired by Gaming Corporation

Gaming Corporation plc, owner of the UK online casino site www.casino.co.uk, recently announced its acquisition of online gaming portal Got2bet.com. Got2bet.com site is a popular gaming portal featuring online casino reviews and ratings, gaming news and message boards.

In exchange for the site, Gaming Corporation will cough up a total of US$270,000, in addition to a cut of the profits for the first half year. Gaming Corporation will make an initial down payment of US$120,000, followed by three installments of US$50,000 each, every two months for the first six months. In addition to the acquisition price, the deal requires that Gaming Corporation forfeit 50 percent of the profits earned from Got2Bet, for the first six months.

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